Changes in the Distribution of Workers’ Hourly Wages Between

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Changes in the Distribution of Workers’ Hourly Wages Between 1979 and 2009
by Douglas Elmendorf
Wages are a key component of the overall economic well-being of individuals and families. Hourly wages and hours worked determine an individual’s earnings, and for most nonelderly adults, earnings constitute the bulk of their family’s income. A CBO study released today, prepared at the request of the chairman and former ranking member of the Senate Finance Committee, documents changes in the amount and distribution of hourly wages received by workers in the United States between 1979 and 2009. It also reviews the leading explanations for changes in the supply of, and demand for, workers with different sets of skills, as well as how labor market institutions affect wages.
http://cboblog.cbo.gov/?p=1837